Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
Some Oil Marketing Companies (OMCs) have increased fuel prices at the pumps starting yesterday.
Checks by Joy Business on March 16, 2026, showed that Star Oil had increased prices of petroleum products, selling a litre of petrol at GH¢12.49.
On the other hand, diesel is going for GH¢15.99.
The Chamber of Oil Marketing Companies (COMAC) attributes the expected price increases to a recent surge in global crude oil prices.
The development has been driven by escalating geopolitical tensions in the Middle East and disruptions to a key maritime oil transit route, the Strait of Hormuz.
These disruptions have tightened global supply and pushed international petroleum prices higher. Below are updated prices of Petroleum products other OMCs;
GOIL
Petrol – GH¢11.42
Diesel – GH¢12.83
SHELL
Petrol – GH¢13.29
Diesel – GH¢16.29
TOTALEnergies
Petrol – GH¢11.69
Diesel – GH¢12.89
ZEN
Petrol – GH¢12.27
Diesel – GH¢14.65
Source: newsthemegh.com